Welcome to our dedicated page for AudioEye news (Ticker: AEYE), a resource for investors and traders seeking the latest updates and insights on AudioEye stock.
AudioEye, Inc. (Nasdaq: AEYE) is a pioneering technology company dedicated to transforming digital content accessibility for businesses committed to offering equal access to their online platforms. Specializing in rapid compliance with ADA-related digital accessibility requirements, AudioEye provides technology that enhances the usability of digital content for the broadest audience possible. The company combines patented technology, subject matter expertise, and proprietary processes to eliminate barriers to digital accessibility. Trusted by major brands like ADP, Tommy Hilfiger, Samsung, and others, AudioEye ensures businesses can identify and resolve accessibility issues effectively.
Recently, AudioEye has been actively involved in various high-impact projects and initiatives. The company announced record revenue for its recent fiscal quarters, showcasing its financial strength and stability. AudioEye is also recognized for its innovative approaches, such as the introduction of enhanced enterprise-grade capabilities focused on compliance and security, including new developer tools and single sign-on features. Furthermore, AudioEye's support for the Department of Justice's and Department of Health and Human Services' new regulations underscores its commitment to advancing digital inclusivity.
With over 112,000 customers, including Samsung and Calvin Klein, AudioEye's mission is to create a digital future that is inclusive. Holding 22 US patents, the company employs a combination of AI automation and human-assisted technology to ensure businesses of all sizes can achieve full ADA and WCAG compliance. AudioEye's platform offers ongoing training, monitoring, and upkeep to maintain digital accessibility continuously. This ensures that the digital experiences provided are accessible and usable for everyone, including individuals with disabilities.
AudioEye, Inc. (NASDAQ: AEYE) announced its participation in HubSpot's INBOUND 2021 event where it will provide digital accessibility tools and services. Chief Product Officer Zach Okun will present at 3:30 PM EDT and moderate a session with disability rights activist Judith Heumann. Accessibility Evangelist Alisa Smith previously delivered a presentation on designing inclusive digital content, attended by nearly 1,000 participants. AudioEye's Visual Toolkit will be available to enhance accessibility for event attendees. HubSpot emphasizes creating inclusive experiences through this partnership.
AudioEye, Inc. (NASDAQ: AEYE) announced the launch of the AudioEye A11iance, a community initiative aimed at enhancing digital accessibility for people with disabilities. This project involves community members in the development and quality assurance process to ensure products meet their needs. COO Dominic Varacalli emphasized the importance of incorporating user feedback to improve services. The announcement was made during the M-Enabling event, highlighting ongoing discussions about technology's role in accessibility. AudioEye's patented technology addresses accessibility challenges efficiently, supporting compliance with ADA and WCAG standards.
AudioEye, Inc. (NASDAQ: AEYE) recently announced the promotion of key executives to drive future growth. Chris Hundley has been promoted to President, overseeing strategic initiatives, while Dominic Varacalli transitions to COO, focusing on customer service and efficiency. Mase Gray takes on the role of CTO, tasked with shaping product strategy. Interim CEO David Moradi emphasized the firm's recent progress in revenue and technology, attributing success to a strong leadership team. AudioEye aims to enhance web accessibility compliance, unlocking significant market opportunities for businesses.
AudioEye, Inc. (NASDAQ: AEYE) announced the promotion of Chris Hundley to President, Dominic Varacalli to Chief Operating Officer, and Mase Gray to Chief Technology Officer, aimed at enhancing growth and operational efficiency. Interim CEO David Moradi expressed optimism about the leadership changes, highlighting the new team’s experience from top companies like Facebook and Amazon. AudioEye continues to advance its digital accessibility solutions, ensuring compliance with ADA and WCAG standards while addressing the significant market for web accessibility.
AudioEye, Inc. (NASDAQ: AEYE) announced a 14% revenue increase, reaching $6.0M for Q2 2021. Monthly Recurring Revenue (MRR) rose 25% to $2.0M. Gross profit improved to $4.5M (74.9% margin), driven by increased automation. Despite these gains, operating expenses surged 68% to $7.6M, resulting in a net loss of $1.8M. The company anticipates Q3 revenue between $6.1M and $6.3M while focusing on growth through platform investments. As of June 30, 2021, cash reserves stood at $24.8M, up from $9.1M at year-end 2020.
AudioEye, a leader in digital accessibility, announced that Mase Graye has joined its executive leadership team as Chief Architect. With over 15 years in technology, including roles at Facebook and Amazon, Graye will drive AudioEye's product and technical strategies to enhance accessibility for digital content. Interim CEO David Moradi praised Graye's experience in leading engineering teams and launching transformative products. As digital compliance becomes increasingly critical, AudioEye aims to expand its customer base and improve its offerings in accessibility solutions.
AudioEye, Inc. (NASDAQ: AEYE) announced a conference call on August 11, 2021, at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ending June 30, 2021. A press release with the financial details will precede the call. The call will be accessible via a toll-free number and will also be webcast live, with a replay available for 90 days. AudioEye specializes in digital accessibility solutions, ensuring compliance with ADA and WCAG standards through advanced technology and expert services.
AudioEye, Inc. (NASDAQ: AEYE) announces the appointment of Kelly Georgevich as Chief Financial Officer. With extensive experience in SaaS and technology finance, Georgevich previously served as CFO at Sticky.io, where she led significant revenue growth while ensuring profitability. Her leadership skills and financial acumen are expected to enhance AudioEye's financial strategies, aligning with the company's mission to improve digital accessibility. Interim CEO David Moradi emphasized her critical role in driving the company's growth and operational efficiency.
AudioEye, Inc. (NASDAQ: AEYE) reported Q1 2021 financial results, showcasing a 36% revenue increase to $5.8M from $4.3M year-over-year. Gross profit surged to a record $4.4M, achieving a margin of 76.6%. Monthly Recurring Revenue (MRR) also rose 36%, reaching $1.9M. Despite these gains, the net loss increased to $2.8M due to a 57% rise in operating expenses, totaling $7.2M. The company maintains a cash position of $25.8M and reaffirms a revenue guidance of $30M to $32M for the year, with expectations to achieve cash flow positivity by late 2021.
AudioEye, Inc. (NASDAQ: AEYE) announced a conference call scheduled for May 13, 2021, at 4:30 p.m. ET to discuss its financial results for Q1 2021, ending March 31, 2021. The earnings release will precede the call. Participants can join by calling U.S. number 1-855-327-6837 or international 1-631-891-4304. The call will be available for replay for 90 days, and the webcast will be accessible via the investor relations section of AudioEye's website.
FAQ
What is the current stock price of AudioEye (AEYE)?
What is the market cap of AudioEye (AEYE)?
What does AudioEye, Inc. do?
Who are some of AudioEye's notable clients?
What recent achievements has AudioEye reported?
How does AudioEye help businesses achieve digital accessibility?
What is AudioEye's mission?
How many customers does AudioEye serve?
What type of technology does AudioEye utilize?
What recent regulations has AudioEye supported?
What financial outlook does AudioEye have for 2024?
What security standards has AudioEye achieved?
